Virginia software program firm DLT Options has prolonged its lease at a Class A workplace constructing in Herndon Va. Finmarc Administration Inc. is the property’s proprietor.
The renewal marks the primary transaction for the reason that firm bought the asset as a part of a $51 million four-building portfolio acquisition earlier this yr.
DLT Options operates out of 2411 Dulles Nook Park and can proceed to take action with its 51,621-square-foot lease renewal. The corporate focuses on data know-how wants for federal, state and native training, utilities and health-care markets. DLT Options expects 250 staff to work out of this location as extra firms begin returning to workplace work.
Different tenants on the property embody BlackSky, NIGP and Republic Capital Entry, amongst others, based on Industrial Edge. The constructing was developed in 1997 and went by way of a beauty revitalization challenge in 2015.
The 2411 Dulles Nook Park Workplace oversees Dulles Worldwide Airport and is served by the Silver Line that operates out of the Innovation Heart Metro Station, which is lower than a mile away, with varied retail and eating choices close by. The situation is 26 miles outdoors of Washington D.C.
Paul Darr and John McManus of Cushman & Wakefield represented DLT Options on this transaction. Finmarc Principal Neil Markus with Cushman & Wakefield’s Tom Walsh, Will Thomas and Nate Marshall represented the owner.
Mid-Atlantic Ventures for Finmarc Administration
Other than buying the Northern Virginia workplace portfolio, Finmarc Administration has made different acquisitions within the Mid-Atlantic workplace market over the past yr. In Centreville, Va., the corporate bought Trinity Centre, one other four-building, 500,000 square-foot portfolio. Finmarc was in a position to buy the positioning at one-third of its earlier sale value.
Within the Mid-Atlantic market, Finmarc purchased Riverview Plaza, its first retail acquisition in Fredrick, Md., for $30 million. The area options well-known anchors like Goal, PetSmart and Bob’s Low cost Furnishings retailer, and providers roughly 125,000 prospects inside a 5-mile radius.
